by Jordan Caron | Mar 5, 2026 | Purchases, Refinance, Renewal |
For the past two years, many Canadian homeowners and buyers have been waiting for one thing: lower interest rates. While rates have come down from their peak, the conversation today has shifted from when rates will fall to how stable they may remain. Inflation has...
by Rakhi Madan | Jan 7, 2025 | First Time Home Buyer, Purchases, Refinance, Renewal |
The housing market in 2024 was tough for Canadians. Even though rates came down, they were still too high for many clients trying to purchase, refinance, or renew their mortgages. Some people couldn’t qualify even though they had done many things right. While there...
by Rakhi Madan | Dec 2, 2024 | Renewal |
When your mortgage renewal letter arrives, it may feel tempting to simply sign and stick with your current lender. After all, they make the process quick and convenient. But in today’s evolving mortgage environment, exploring all your options can open the door to...
by Rakhi Madan | Feb 4, 2024 | First Time Home Buyer, Purchases, Renewal |
While nothing is certain, Bank of Canada cuts to the overnight rate are on tap for 2024, possibly starting in April. The strong potential for rate cuts has made variable and adjustable mortgages a top consideration for some homebuyers and homeowners because these...
by Rakhi Madan | Nov 3, 2022 | Renewal |
During the last decade, homeowners in Brampton, Toronto and the GTA seldom faced higher rates when they renewed their mortgage. But as rates have steadily climbed over 2022, those with upcoming mortgage renewals are facing a new world of higher rates and higher...
by Rakhi Madan | Oct 5, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance, Renewal |
Our rising rate environment has caused the government’s “minimum qualifying rate (MQR)” to no longer apply for those looking to purchase, renew or refinance in Brampton, Toronto and the GTA. What does that mean? Well, the MQR is part of the mortgage qualifying “stress...
